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082091RANDOLPH COUNTY BOARD OF COMMISSIONERS August 20, 1991 Minutes The Randolph County Board of Commissioners met in special session at.9:00. a.m. on August 20, 1991, in the Commissioners Meeting Room, County Office Building, 707 McDowell Road, Asheboro, to conduct business relative to the jail facilities bond referendum. Commissioners Frye, Davidson, Langley, Petty and Comer were present. Law Enforcement Facilities Bond Referendum Application County Manager Frank Willis read a letter from the Local Government Commission stating that Randolph County's application requesting their approval for issuance of $10,600,000 law enforcement facilities bonds had been recorded as having been filed on August 19, 1991 and accepted for submission to the Commission at its next meeting. He stated that acknowledgement of the filing of the application must be received before the bond order can be introduced. Introduction of Bond Order Commissioner Darrell Frye introduced the following bond order: "BOND ORDER AUTHORIZING THE ISSUANCE OF $10,600,000 LAW ENFORCEMENT FACILITIES BONDS OF THE COUNTY OF RANDOLPH" WHEREAS, the Board of Commissioners of the County of Randolph deems it advisable to make the improvementshereinafter described; and WHEREAS, the Board has caused to be filed with the Secretary of the Local Government Commission of North Carolina an application for Commission approval of the bonds hereinafter described as required by The Local Government Finance Act, and the Secretary of the Commission has notified the Board that the application has been filed and accepted for submission to the Commission; NOW, THEREFORE., BE IT ORDERED by the Board as follows: Section 1. The Board determines that it is necessary to provide law enforcement and detention center facilities in the County, including the construction of new law enforcement and detention center facilities and the renovation and expansion of existing law enforcement and detention center facilities, and including the acquisition and installation of necessary furnishings and equipment and the acquisition of land or rights -in -land required therefor and to pay capital costs of such improvements. Section 2. To raise the money required to pay capital costs of providing the improvements described above, in addition to any funds which may be made available for that purpose from any other sources, bonds of the County are hereby authorized and shall be issued pursuant to The Local Government Finance Act. The maximum aggregate principal amount of bonds authorized by this bond order shall be $10,600,000. Section 3. Taxes sufficient to pay the principal of and interest on those bonds when due shall be annually levied and collected. Section 4. A sworn statement of the County's debt has been filed with the Clerk to the Board and is open to public inspection. Section 5. This bond order shall take effect when approved by the voters of the County at a referendum. Resolution Setting Public Hearing on Bond Referendum On motion of Frye, seconded by Petty, the Board adopted the following resolution, which was read at length: WHEREAS, the bond order entitled, "BOND ORDER AUTHORIZING THE ISSUANCE OF $10,600,000 LAW ENFORCEMENT FACILITIES BONDS OF THE COUNTY OF RANDOLPH" has been introduced at the meeting of the Board of Commissioners of Randolph County held on August 20, 1991, and the Board desires to provide for a public hearing thereon and the submission of a statement of debt in connection therewith as required by The Local Government Finance Act; NOW, THEREFORE, BE IT RESOLVED by the Board as follows: A. The public hearing upon that bond order shall be held on September 3, 1991 at 7:00 o'clock p.m., in the Commissioners Meeting Room of the Randolph County Office Building, 707 McDowell Road, Asheboro, North Carolina. B. The Clerk to the Board is hereby directed to cause a copy of the bond order to be published with a notice of the hearing in the form prescribed by law in a qualified newspaper no fewer than six days prior to the public hearing. C. The County's Finance Officer is hereby directed to file with the Clerk to the Board prior to publication of the bond order with the notice of such public hearing, a statement setting forth the debt incurred or to be incurred, the appraised value of property subject to taxation by the County and the net debt of the County. Filing of Sworn Statement of Debt Frank Willis, Finance officer, filed with the Clerk to the Board a sworn statement setting forth the debt incurred or to be incurred, the appraised value of property subject to taxation by the County and the net debt of the County. The debt statement must remain on file in the Clerk's office and available for public inspection through the date of the public hearing. The whole purpose of this debt statement is to insure that the proposed bond issue will not exceed the statutory debt limitation, which is 8% of the appraised valuation of property within the county. A copy of this statement of debt is attached by reference. Adoption of Bond Referendum Schedule On motion of Davidson, seconded by Langley the Board adopted a bond referendum schedule. A copy is included by reference Adjournment On motion of Davidson, seconded by Langley, the Board adjourned.